Benji Madden: Paris Hilton is "the one"

Good Charlotte rocker Benji Madden has been telling friends Paris Hilton is "the one" for him.

The pair - who were first spotted together in Los Angeles last week - looked loved-up as they held hands while shopping in West Hollywood earlier this week.

Paris - who is reportedly set to star in new reality TV show later this year - has even been seen wearing a silver band from top jewelers Tiffany and Co. on her ring finger, sparking engagement rumors.

"We hear she has been wearing a Tiffany band from Benji on her ring finger!" says respected gossip column Page Six.

A source close to Benji said: "He is really happy with Paris and has already been telling all his friends she is the one. He says he can really see himself ending up with her for good."

Hotel hotel heiress Pari, 27, and Good Charlotte rocker Benji, 28, met through Paris' best friend Nicole Richie, who is engaged to Benji's brother and bandmate Joel Madden.